Business
Sokoman Minerals Provides Drilling Update - Moosehead Gold Project, Central Newfoundland
MH-22-505 Completed to 559 m Depth; Top of 463 Zone Intersected; Assays Pending ST. JOHN'S, NL / ACCESSWIRE / December 15, 2022 / Sokoman Minerals Corp. (TSXV:S
About this update from Pirate Gold Corp
[{"type":"text","content":" MH-22-505 Completed to 559 m Depth; Top of 463 Zone Intersected; Assays Pending ST. JOHN'S, NL / ACCESSWIRE / December 15, 2022 / Sokoman Minerals Corp. (TSXV:SIC) (OTCQB:SICNF) (\"Sokoman\" or the \"Company\") is pleased to provide an update on the structural analysis of hole MH-22-463 as well as an update on diamond drilling in the immediate area. MH-22-463 (see press release September 6, 2022) intersected a 39.60 m intercept (core length) of 12.50 g/t Au (from 295.30 m downhole) including a higher-grade interval of 10.25 m grading 41.97 g/t Au (from 312.35 m downhole) from what is now termed the \"463 Zone\". MH-22-505 was collared on the western shore of North Pond to provide the proper angle to test the geometry of the 463 Zone as it was designed to intersect the mid-point of the 463 Zone at depths from 390 m to 410 m. The hole flattened slightly and cut through the top portion of the inferred location of the 463 Zone and intersected three (< 1 m-wide) visible gold (VG) bearing veins, with characteristics similar to veins intersected in MH-22-463, at depths between 393 m and 414 m downhole. The upper part of the hole was projected to cut through a portion of the main Eastern Trend Fault system and significant quartz veining was intersected from 189 m to 194 m and 199 m to 210 m with VG specks noted in both intervals. Other veining with one (1) speck of VG was intersected in a breccia zone from 275 m to 277 m. The mineralized breccia occurs in a similar orientation to the breccia in the 463 Zone and is interpreted to represent another splay or offset in the footwall of the Eastern Trend. The deepest mineralized zone with 1%-5% stringer/disseminated pyrite +/- arsenopyrite associated with massive (1 m) quartz veins and irregular narrow veins and stringers was intersected from 480 m to 520 m. Significant quartz veining (10%-30%) noted in other parts of the hole will also be assayed. Final assay results are not expected before the end of the year. 463 Zone The 463 Zone is a significant departure in vein style/geometry from one suggested by earlier drill intersections in the vicinity. The \"463\" intercept is thicker than any other to date and includes the \"typical\" high-grade vuggy-type veins with abundant VG with 5%-7% accessory boulangerite and sphalerite, as well as brecciated veining with occasional specks of VG with ...